Features Today TheBitTimes.com

Dymension’s mainnet launch and genesis rolldrop drive DYM price up by 40% to $5.59. The strategic airdrop targets diverse blockchain communities, offering $390M worth of DYM tokens. Dymension’s RollApps infrastructure revolutionizes dApp deployment with flexibility and scalability. Dymension, an innovative blockchain network, has successfully launched its mainnet, marking a significant milestone in its journey towards empowering developers worldwide. Leveraging Cosmos technology and the Inter-Blockchain Communication (IBC) protocol, Dymension recently launched Rollup, a cutting-edge platform for creating application chains known as RollApps. The mainnet activation has paved the way for the introduction of the highly anticipated “ genesis rolldrop ,” a strategic initiative aimed at engaging early users and select communities. Dymension (DYM) price reaction Following the mainnet launch and the announcement of the genesis rolldrop, th...

Genesis has been going through a tough time; recently Cameron Winklevoss accused the organization of defrauding Gemini and its users. The cryptocurrency lender also laid off 30% of its staff on Jan 5. According to the latest reports from the Financial Times, it has been revealed that troubled cryptocurrency broker Genesis owes its creditors more than $3 billion. The recent report is based on the details provided by individuals who are familiar with the matter. The latest revelations have also pushed the parent company, Digital Currency Group , to look into more options for selling assets to raise money. DCG is also planning to sell off some of its venture capital portfolio. This portfolio is worth around $500 million, according to the report. Source: TechStory Scale of Genesis’s debts to creditors revealed DCG ’s venture capital holdings include 200 crypto-related projects. These include exchanges, custodians, and banks spread across at least 35 countries, worth arou...